Dear Readers,
1-The Reserve Bank of India has been intervening in foreign exchange market of India and buying
dollors to ___.
(A) Check enhanced liquidity in the monetary system
(B) Build - up foreign exchange reserves for debt servicing and debt repayment.
(C) Prevent the rupee strenthening further there by acting as disincentive to export growth.
(1) Only A
(2) A and B
(3) Only C
(4) A and C
(5) None of these
2-Non-Performing assets of commercial banks means their loans _____.
(1) Fetching very low rate of Interests.
(2) For which interest/instalment has remained unpaid after due date.
(3) Given to sick industrial units .
(4) Have not been disbursed at all .
(5) None of these
3-Which of the following is not the feature of Real Time Gross Settlement (RTGS) ?
(1) Payments are settled transaction by transaction
(2) Settlement of funds is revocable.
(3) Settlement is done in real time.
(4) It is a fully secured system which uses digital signatures and public key encryption for
safe and secure message transmission.
(5) None of these
4-The definition of 'Banking' is given in _____.
(1) Negotiable Instrument Act. 1881.
(2) RBI Act, 1934
(3) The Banking Regulation Act, 1949
(4) The Indian Contract Act, 1872
(5) None of these
5-In the case of FCNR Accounts the payment of Interest is effected in _____.
(1) Indian Rupee
(2) Only in pound
(3) Same currency in which deposit stands.
(4) Yen
(5) None of these
6-The commercial paper is issued to raise deposits by _____.
(1) Commercial Banks
(2) Reserve Bank of India
(3) Every Non-Banking company
(4) State Bank of India
(5) None of these
7-The Methods of credit control used by the RBI can be divided into _______.
(1) Long-term and short term
(2) Rural and Urban
(3) Qualitative and Quantitative
(4) Monetary and Fiscal
(5) None of these
8-Increase in Bank rate is generally followed by ____.
(1) An increase in market rates of interest
(2) A fall in market rates of interest
(3) A rise only in the deposit rates but not the lending rates.
(4) A rise only in the base rates
(5) None of these
9-Which one of the following banks creates credit ?
(1) Reserve Bank of India
(2) Commercial Bank
(3) Industrial Banks
(4) Land Mortgage Banks
(5) None of these
10-Which of the following is the least liquid asset ?
(1) Money
(2) Shares
(3) Machinery
(4) Special deposits
(5) None of these
Answer-
1. 3
2.2
3. 2
4. 3
5.3
6. 1
7. 3
8. 1
9. 2
10. 3
7. 3
8. 1
9. 2
10. 3
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MAHENDRA GURU